Wednesday, 14 October 2026 Newsarchy UK live index
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Bank Secrecy Act

Bank of America hit with $1.2bn penalty over money laundering failures

Bank of America hit with $1.2bn penalty over money laundering failures

The US Treasury Department has hit Bank of America with $1.21 billion in total fines for severe anti-money laundering and sanctions compliance failures.

Business ·14 Oct 2026, 07:36 ·Maeve Turner 4 min read